NEW YORK (AP) — Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. The number followed a revised 0.6% pace in March, according to Commerce Department data released Wednesday. It rose 0.9% in February. That comes after sales fell 1.1% in […]
The Book of Proverbs (22:7) tells us, “The rich rule over the poor, and the borrower is the slave of the lender.” Nowhere is the power of the moneylender as master of the poor and the harasser of the middle class greater than in today’s high-tech, AI-driven credit card banking world. No need to […]
WASHINGTON (AP) — The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year. A major concern expressed by both Fed policymakers and some economists […]
WASHINGTON (AP) — The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that persistently high interest rates may be starting to take a bigger toll on the world’s largest economy. Friday’s government report showed that last month’s hiring gain was down sharply from the blockbuster increase […]
WASHINGTON — The IRS said Thursday that it has taken steps to address a wide disparity in audit rates between Black taxpayers and others filers, and is more closely examining the returns of larger numbers of wealthy people and major companies. “We are overhauling compliance efforts to advance our commitment to fair, equitable, and effective […]
NEW YORK — U.S. stocks are drifting Wednesday as Wall Street waits to hear from the Federal Reserve about where interest rates may be heading. The S&P 500 was down 0.1% in early trading, coming off its first losing month in the last six. The Dow Jones Industrial Average was up 104 points, or 0.3%, […]
WASHINGTON (AP) — After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Will they still signal rate cuts at all this year? Wall Street traders now envision just a […]
Regular mammograms to screen for breast cancer should start younger, at age 40, according to an influential U.S. task force. Women ages 40 to 74 should get screened every other year, the group said. Previously, the task force had said women could choose to start breast cancer screening as young as 40, with a stronger […]
The rates of colon and rectal cancer in people under 55 continue to rise. Now millennials get colon cancer twice as much as other adults, and rectal cancer four times as much. The American Cancer Society projects that there will be 106,590 new cases of colon cancer in 2024 and 46,220 new cases of rectal […]
WASHINGTON (AP) — The nation’s economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spending. Thursday’s report from the Commerce Department said the gross domestic product – the economy’s total output of goods and services — decelerated […]
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